Glens Falls USDA Loan Rates, Closing Costs & Stats
GLENS FALLS, NY
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.
Glens Falls's 7 lenders originated 9 USDA loans during 2023. The total origination value was $1,465,000, with an average USDA loan value of $162,778.
Glens Falls USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Glens Falls
averaged
6.43%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Glens Falls's average USDA mortgage closing costs are $4,079.
The average rate for the prior week (2024-04-12) was
6.59% and
one month ago for the week of 2024-03-15, the
average rate was 6.37%.
The average rate one year ago was 6.21%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.06%.
Glens Falls USDA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Glens Falls level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| NEWREZ LLC | 2 | 6.69% | $6,516 |
| UNITED WHOLESALE MORTGAGE, LLC | 2 | 6.80% | $8,386 |
| Evolve Bank & Trust | 1 | 5.63% | $5,160 |
| ABSOLUTE HOME MORTGAGE CORPORATION | 1 | 7.13% | $7,135 |
| HOMESTEAD FUNDING CORP. | 1 | 6.75% | $2,421 |
| GUARANTEED RATE, INC. | 1 | 5.73% | $11,245 |
| Bank of England | 1 | 6.25% | $5,871 |
The top Glens Falls USDA lender as defined by loan originations is NEWREZ LLC, with
2 USDA loans originated. Their average total fees are
$6,516, which is $1,871
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Glens Falls USDA lenders (with over 10 loans originated) are
.
The lowest rate Glens Falls USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Glens Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $229,000 (14.6%) | $406,313 (11.1%) | 0.00 | 987 |
| 2018-02-01 | $234,200 (17.4%) | $417,478 (11.7%) | 0.00 | 975 |
| 2018-03-01 | $234,900 (11.4%) | $415,878 (10.0%) | 0.00 | 960 |
| 2018-04-01 | $239,450 (8.9%) | $423,031 (9.7%) | 0.00 | 980 |
| 2018-05-01 | $246,700 (7.3%) | $422,541 (5.6%) | 0.00 | 1,060 |
| 2018-06-01 | $249,000 (7.6%) | $420,023 (1.4%) | 0.00 | 1,147 |
| 2018-07-01 | $248,475 (8.1%) | $420,452 (-0.1%) | 0.00 | 1,129 |
| 2018-08-01 | $249,925 (8.7%) | $424,436 (1.0%) | 0.00 | 1,144 |
| 2018-09-01 | $249,900 (9.1%) | $420,483 (2.3%) | 0.00 | 1,131 |
| 2018-10-01 | $249,300 (8.7%) | $419,158 (2.9%) | 0.00 | 1,080 |
| 2018-11-01 | $241,825 (5.2%) | $399,486 (-3.0%) | 0.00 | 996 |
| 2018-12-01 | $234,950 (2.2%) | $397,818 (-3.1%) | 0.00 | 938 |
| 2019-01-01 | $235,000 (2.6%) | $405,155 (-0.3%) | 0.00 | 860 |
| 2019-02-01 | $239,000 (2.1%) | $411,129 (-1.5%) | 0.00 | 812 |
| 2019-03-01 | $243,671 (3.7%) | $428,517 (3.0%) | 0.00 | 841 |
| 2019-04-01 | $249,450 (4.2%) | $453,835 (7.3%) | 0.00 | 894 |
| 2019-05-01 | $252,450 (2.3%) | $442,236 (4.7%) | 0.00 | 884 |
| 2019-06-01 | $259,900 (4.4%) | $457,560 (8.9%) | 0.00 | 987 |
| 2019-07-01 | $259,447 (4.4%) | $443,689 (5.5%) | 0.00 | 1,032 |
| 2019-08-01 | $259,245 (3.7%) | $445,866 (5.1%) | 0.00 | 1,042 |
| 2019-09-01 | $259,614 (3.9%) | $451,069 (7.3%) | 0.00 | 1,040 |
| 2019-10-01 | $254,909 (2.3%) | $450,131 (7.4%) | 0.00 | 1,029 |
| 2019-11-01 | $257,450 (6.5%) | $453,808 (13.6%) | 0.00 | 889 |
| 2019-12-01 | $249,900 (6.4%) | $432,070 (8.6%) | 0.00 | 820 |
| 2020-01-01 | $249,900 (6.3%) | $419,152 (3.5%) | 0.00 | 746 |
| 2020-02-01 | $247,950 (3.7%) | $427,479 (4.0%) | 0.00 | 707 |
| 2020-03-01 | $249,900 (2.6%) | $432,151 (0.9%) | 0.00 | 693 |
| 2020-04-01 | $249,600 (0.1%) | $450,413 (-0.8%) | 0.00 | 661 |
| 2020-05-01 | $270,900 (7.3%) | $482,256 (9.1%) | 0.00 | 651 |
| 2020-06-01 | $274,900 (5.8%) | $490,255 (7.2%) | 0.00 | 643 |
| 2020-07-01 | $276,950 (6.8%) | $495,966 (11.8%) | 0.00 | 605 |
| 2020-08-01 | $269,450 (3.9%) | $481,511 (8.0%) | 0.00 | 564 |
| 2020-09-01 | $275,000 (5.9%) | $486,254 (7.8%) | 0.00 | 541 |
| 2020-10-01 | $279,900 (9.8%) | $494,126 (9.8%) | 0.00 | 518 |
| 2020-11-01 | $279,625 (8.6%) | $528,361 (16.4%) | 0.00 | 464 |
| 2020-12-01 | $280,000 (12.0%) | $556,209 (28.7%) | 0.00 | 415 |
| 2021-01-01 | $289,900 (16.0%) | $571,168 (36.3%) | 0.00 | 355 |
| 2021-02-01 | $283,750 (14.4%) | $593,764 (38.9%) | 0.00 | 309 |
| 2021-03-01 | $299,250 (19.8%) | $607,954 (40.7%) | 0.00 | 285 |
| 2021-04-01 | $297,225 (19.1%) | $629,185 (39.7%) | 0.00 | 259 |
| 2021-05-01 | $275,000 (1.5%) | $584,969 (21.3%) | 0.00 | 280 |
| 2021-06-01 | $298,000 (8.4%) | $615,367 (25.5%) | 0.00 | 285 |
| 2021-07-01 | $299,000 (8.0%) | $545,946 (10.1%) | 0.00 | 327 |
| 2021-08-01 | $299,900 (11.3%) | $549,634 (14.2%) | 0.00 | 312 |
| 2021-09-01 | $289,000 (5.1%) | $524,574 (7.9%) | 0.00 | 315 |
| 2021-10-01 | $275,000 (-1.8%) | $512,321 (3.7%) | 0.00 | 310 |
| 2021-11-01 | $275,000 (-1.7%) | $495,920 (-6.1%) | 0.00 | 285 |
| 2021-12-01 | $269,200 (-3.9%) | $489,109 (-12.1%) | 0.00 | 239 |
| 2022-01-01 | $259,000 (-10.7%) | $508,738 (-10.9%) | 0.00 | 211 |
| 2022-02-01 | $264,500 (-6.8%) | $541,679 (-8.8%) | 0.00 | 205 |
| 2022-03-01 | $295,000 (-1.4%) | $559,162 (-8.0%) | 0.00 | 186 |
| 2022-04-01 | $299,450 (0.8%) | $539,240 (-14.3%) | 0.00 | 201 |
| 2022-05-01 | $298,000 (8.4%) | $551,723 (-5.7%) | 0.00 | 257 |
| 2022-06-01 | $294,450 (-1.2%) | $537,852 (-12.6%) | 0.00 | 293 |
| 2022-07-01 | $295,000 (-1.3%) | $506,465 (-7.2%) | 0.00 | 355 |
| 2022-08-01 | $299,675 (-0.1%) | $547,939 (-0.3%) | 0.00 | 354 |
| 2022-09-01 | $299,900 (3.8%) | $578,256 (10.2%) | 0.00 | 353 |
| 2022-10-01 | $299,900 (9.1%) | $613,149 (19.7%) | 0.00 | 347 |
| 2022-11-01 | $299,900 (9.1%) | $654,793 (32.0%) | 0.00 | 338 |
| 2022-12-01 | $299,900 (11.4%) | $633,962 (29.6%) | 0.00 | 310 |
| 2023-01-01 | $289,450 (11.8%) | $671,363 (32.0%) | 0.00 | 256 |
| 2023-02-01 | $302,500 (14.4%) | $678,604 (25.3%) | 0.00 | 231 |
| 2023-03-01 | $302,750 (2.6%) | $690,229 (23.4%) | 0.00 | 201 |
| 2023-04-01 | $299,950 (0.2%) | $725,328 (34.5%) | 0.00 | 180 |
| 2023-05-01 | $335,725 (12.7%) | $753,538 (36.6%) | 0.00 | 186 |
| 2023-06-01 | $314,450 (6.8%) | $711,551 (32.3%) | 0.00 | 226 |
| 2023-07-01 | $336,900 (14.2%) | $726,081 (43.4%) | 0.00 | 238 |
| 2023-08-01 | $349,900 (16.8%) | $627,192 (14.5%) | 0.00 | 269 |
| 2023-09-01 | $349,900 (16.7%) | $616,603 (6.6%) | 0.00 | 274 |
| 2023-10-01 | $349,975 (16.7%) | $606,057 (-1.2%) | 0.00 | 281 |
| 2023-11-01 | $349,450 (16.5%) | $630,001 (-3.8%) | 0.00 | 272 |
| 2023-12-01 | $345,000 (15.0%) | $612,156 (-3.4%) | 0.00 | 253 |
| 2024-01-01 | $338,925 (17.1%) | $622,448 (-7.3%) | 0.00 | 225 |
| 2024-02-01 | $334,950 (10.7%) | $684,447 (0.9%) | 0.00 | 217 |
| 2024-03-01 | $349,900 (15.6%) | $710,366 (2.9%) | 0.00 | 218 |
Glens Falls's median listing price comes in at 0% of the national average.
Glens Falls's average listing price for 2024-03-01 was $710,366, a difference of $20,137 (2.9%) versus the prior year and $25,919 versus the prior month.
For the 2024-03-01 period, Glens Falls had 218 MLS listings, a difference of 1 listings (0%) versus the prior month and 17 listings (8%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Glens Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,762 sqft |
| 2018-02-01 | 0 days | 1,742 sqft |
| 2018-03-01 | 0 days | 1,749 sqft |
| 2018-04-01 | 0 days | 1,767 sqft |
| 2018-05-01 | 0 days | 1,776 sqft |
| 2018-06-01 | 0 days | 1,776 sqft |
| 2018-07-01 | 0 days | 1,772 sqft |
| 2018-08-01 | 0 days | 1,776 sqft |
| 2018-09-01 | 0 days | 1,776 sqft |
| 2018-10-01 | 0 days | 1,800 sqft |
| 2018-11-01 | 0 days | 1,792 sqft |
| 2018-12-01 | 0 days | 1,731 sqft |
| 2019-01-01 | 0 days | 1,730 sqft |
| 2019-02-01 | 0 days | 1,749 sqft |
| 2019-03-01 | 0 days | 1,755 sqft |
| 2019-04-01 | 0 days | 1,768 sqft |
| 2019-05-01 | 0 days | 1,656 sqft |
| 2019-06-01 | 0 days | 1,701 sqft |
| 2019-07-01 | 0 days | 1,706 sqft |
| 2019-08-01 | 0 days | 1,717 sqft |
| 2019-09-01 | 0 days | 1,728 sqft |
| 2019-10-01 | 0 days | 1,717 sqft |
| 2019-11-01 | 0 days | 1,738 sqft |
| 2019-12-01 | 0 days | 1,723 sqft |
| 2020-01-01 | 0 days | 1,736 sqft |
| 2020-02-01 | 0 days | 1,715 sqft |
| 2020-03-01 | 0 days | 1,700 sqft |
| 2020-04-01 | 0 days | 1,736 sqft |
| 2020-05-01 | 0 days | 1,760 sqft |
| 2020-06-01 | 0 days | 1,758 sqft |
| 2020-07-01 | 0 days | 1,769 sqft |
| 2020-08-01 | 0 days | 1,755 sqft |
| 2020-09-01 | 0 days | 1,768 sqft |
| 2020-10-01 | 0 days | 1,800 sqft |
| 2020-11-01 | 0 days | 1,847 sqft |
| 2020-12-01 | 0 days | 1,843 sqft |
| 2021-01-01 | 0 days | 1,888 sqft |
| 2021-02-01 | 0 days | 1,829 sqft |
| 2021-03-01 | 0 days | 1,831 sqft |
| 2021-04-01 | 0 days | 1,889 sqft |
| 2021-05-01 | 0 days | 1,800 sqft |
| 2021-06-01 | 0 days | 1,831 sqft |
| 2021-07-01 | 0 days | 1,761 sqft |
| 2021-08-01 | 0 days | 1,748 sqft |
| 2021-09-01 | 0 days | 1,671 sqft |
| 2021-10-01 | 0 days | 1,728 sqft |
| 2021-11-01 | 0 days | 1,728 sqft |
| 2021-12-01 | 0 days | 1,755 sqft |
| 2022-01-01 | 0 days | 1,888 sqft |
| 2022-02-01 | 0 days | 1,720 sqft |
| 2022-03-01 | 0 days | 1,742 sqft |
| 2022-04-01 | 0 days | 1,708 sqft |
| 2022-05-01 | 0 days | 1,592 sqft |
| 2022-06-01 | 0 days | 1,604 sqft |
| 2022-07-01 | 0 days | 1,574 sqft |
| 2022-08-01 | 0 days | 1,589 sqft |
| 2022-09-01 | 0 days | 1,619 sqft |
| 2022-10-01 | 0 days | 1,636 sqft |
| 2022-11-01 | 0 days | 1,642 sqft |
| 2022-12-01 | 0 days | 1,668 sqft |
| 2023-01-01 | 0 days | 1,638 sqft |
| 2023-02-01 | 0 days | 1,662 sqft |
| 2023-03-01 | 0 days | 1,678 sqft |
| 2023-04-01 | 0 days | 1,731 sqft |
| 2023-05-01 | 0 days | 1,741 sqft |
| 2023-06-01 | 0 days | 1,669 sqft |
| 2023-07-01 | 0 days | 1,680 sqft |
| 2023-08-01 | 0 days | 1,674 sqft |
| 2023-09-01 | 0 days | 1,683 sqft |
| 2023-10-01 | 0 days | 1,653 sqft |
| 2023-11-01 | 0 days | 1,658 sqft |
| 2023-12-01 | 0 days | 1,658 sqft |
| 2024-01-01 | 0 days | 1,657 sqft |
| 2024-02-01 | 0 days | 1,674 sqft |
| 2024-03-01 | 0 days | 1,650 sqft |
Glens Falls's median square footage for active listings during the 2024-03-01 period was 1,650 sqft. One year prior, the average listing was 1,678 sqft.